Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

The impact of COVID-19 led to "devastating" reversals of global gains in education, poverty eradication, vaccinations, and maternal and child health, according to the findings from the Bill & Melinda Gates Foundation's annual Goalkeepers report, which were shared exclusively with "Axios on HBO."

Why it matters: The coronavirus is proving to be more than just a health crisis, thrusting millions into poverty.

"Basically, eight months of COVID reversed gains in almost every category that had been made steadily over the last couple of decades," Melinda Gates told me in an interview for "Axios on HBO."

  • Over the last year, 37 million people fell below the $1.90 a day poverty level. "It's the difference between being able to put food on your table or not put food on your table and go hungry," Gates said.
  • With regards to existing vaccinations, the coronavirus has erased all the progress the world has made in the last two and a half decades. "What we know is that 25 years of increased vaccinations that have saved children's lives all over the world was set back in 25 weeks."

Yes, but: There was one area where the world did see progress. The number of people with bank accounts expanded as the pandemic forced governments around the world to find ways to get stimulus money to their populations.

  • Gates said that gain should prove lasting and the importance of getting more money to women is particularly important.
  • "When the cash transfer payment goes into the hands of a woman, it's far more effective," Gates said. "She spends it on the health of her family. She spends it on food."

Go deeper

22 hours ago - Health

Restaurants fight COVID restrictions

Diners in the Wicker Park neighborhood in Chicago, Illinois, on Nov. 11. Photo: Scott Olson/Getty Images

Restaurants in several states — including Kentucky, Illinois and California — are staying open and defying restrictions, as states try to manage skyrocketing coronavirus cases and hospitalizations with more safety measures.

The big picture: Restaurant industry trade groups have been desperately lobbying for federal aid from a coronavirus stimulus package that has yet to see any traction in Congress.

Nov 29, 2020 - Health

Fauci warns Thanksgiving travel will likely make COVID-19 surge worse

NIAID director Anthony Fauci warned on Sunday that the U.S. could see in the coming weeks "a surge superimposed upon that surge that we're already in," as COVID-19 cases are expected to rise after many Americans traveled for the Thanksgiving holiday.

Why it matters: Cases and hospitalizations are already skyrocketing nationwide. Governors and health departments in some states have warned that the increase in cases could overwhelm hospital systems.

Nov 29, 2020 - Health

New York City to reopen public schools with weekly testing

New York Mayor Bill de Blasio in New York on Nov. 28. Photo: Kena Betancur/AFP via Getty Images

Some New York City schools will be allowed to reopen for in-person learning as early as Dec. 7, Mayor Bill de Blasio announced Sunday.

The state of play: De Blasio said schools will no longer be forced to shutter when the city hits a 3% COVID-19 test positivity rate, but he did not specify what the new threshold will be. The school district will mandate weekly tests for 20% of children in each school, and students will not be tested before they return.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!